Thorburn, Henry departure to cause 'ructions' within NAB

07/02/2019|7min

Your Money reporter Leo Shanahan says he's surprised both Andrew Thorburn and Ken Henry have stepped down from their leadership roles at NAB.
CEO Andrew Thorburn and Chairman Ken Henry announced their resignations on Thursday in the wake of a scathing assessment by the banking royal commission.
The bank's corporate governance was criticised by Commissioner Kenneth Hayne, who said the company didn’t appear to be taking responsibility for what had gone wrong and had continued to blame serious errors on administrative failures.
The bank has confirmed ex-ANZ Australia boss and current NAB board member Philip Chronican will take over as interim boss.
Mr Shanahan says NAB will undergo a period of instability after its decision to jettison both its CEO and Chairman.